Destination guide publisher Time Out has acquired events marketplace startup HallStreet – and promptly shut it down.
Terms of the sale have not been disclosed.
Co-founders of HallStreet, Alfredo Ouro Villaraviz (CEO) and Antonio Rodríguez de la Torre (chief technology officer), will move to London from Barcelona and San Francisco to become senior vice president of product and director of technology for travel respectively.
The company’s existing work will continue to in Barcelona as Time Out employees.
HallStreet originally started (TLabs here) in 2011 as a hotel room reselling business.
The company then pivoted in 2014 to a map-based event planning and booking site.
The service allowed leisure and business travellers to plan trips to events such as trade shows, weddings and festivals using content from a number of partners including Restaurants.com, Hotels.com and Ticketmaster.
Time Out says it has invested in the technology and team in order to expand its own business as a “platform for discovery and enablement”, with a vision to allow visitors to Time Out’s portfolio of city websites to be able to book experiences.
HallStreet had raised Euro 1.2 million from angel investors.
In August 2015, Time Out bought LikeCube, a user recommendation software provider, also for an undisclosed fee.
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